BCH/USDT – 1H – SELL

The combination Bitcoin Cash/Tether (BCH/USDT) goes from the descending trendline downwards

A continuation of the downward movement downwards to the next support at 423 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 524.4 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ” indicator layout is found. The indicator is ”. this is usually a bearish chart scenario. The currency pair could go down.

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Moreover a ‘StochRSI %K falls below 0.8’ indicator layout is found. The indicator is ‘StochRSI %K falls below 0.8’. this is usually a bearish chart scenario. The currency pair could go down.

Moreover a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.

Moreover a ‘Matching Low’ candle chart pattern is discovered. The candles show ‘Matching Low’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

524.4 – 528 – 538 – 504.5 – 507.6 – 511.8 —
511.900000000 – 513.400000000 —
38.42698749984 – 35.320297919157 —
– —
524.4 – 1770843600

Trading Signals: CRYPTO – BCH – BCH/USDT – USDT – Matching Low – – –